FDIC to vote on bank stablecoin rules ahead of GENIUS Act deadline – Details

The U.S Federal Deposit Insurance Corporation (FDIC) will vote on proposed stablecoin rules on 07 April 2026.

The meeting will address prudential standards for state-level issuers handling a stablecoin with less than $10 billion in supply. Capital requirements and redemption rights will also be covered.

This will be a separate proposed guideline. However, it is related to the proposed rule-making floated in 2025. Last year’s proposal outlined the application procedures for applicants seeking to be issuers. The requirements included a 30-day window for review and 120 days for final decision.

Stakeholders’ feedback for the December proposal was initially set to end in February. However, it was extended to May. The additional upcoming proposed rules will complement the ones issued last year.

Will GENIUS Act meet July implementation deadline?

The move follows a recent U.S Department of the Treasury guideline with a two-tiered framework for state and federal-level stablecoin issuers. Notably, the proposed Treasury guidelines mandate the FDIC to oversee issuers whose stablecoin has a supply of $10 billion or below.

However, if the stablecoin growth expands beyond $10 billion, it will automatically graduate to federal oversight under the OCC (Office of the Comptroller of the Currency).

The banking regulators, including the Federal Reserve, will collaborate to harmonize these stablecoin standards to reduce friction.

In fact, Fed governor Michael Barr insisted on quality reserve assets, warning of a ‘long, painful history’ of private money and bank runs in the 1800s.

The stablecoin law, the GENIUS Act, was passed into law last year. Lawmakers had set 18 July 2026 as the deadline for its implementation. And, it seems the regulators are on track now to beat the deadline, going by the list of proposed rule-making from various agencies.

Similarly, potential issuers are getting ready to comply with the clear rules for the road. Players such as Tether have tapped Big Four accounting firms to enhance transparency as it seeks expansion into the United States.

Final Summary

• FDIC is scheduled to approve a new proposal on capital requirements and prudential standards for FDIC-supervised entities aiming to be stablecoin issuers.
• The Treasury, Fed, FDIC, and OCC are all pushing various rule-making proposals to meet the 18 July deadline for GENIUS Act implementation.